Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Li & Fung Says It’s Cutting Staff, But Not 70 Percent

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

After news reports that Li & Fung was shedding up to 70 percent of its procurement staff, the sourcing and logistics company says that isn’t true. “We don’t respond to market rumors, however the 70% number is inaccurate,” a representative in Li & Fung’s communications department told Sourcing Journal late Friday. What is true, is…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!